The central bank’s main inflation barometer is the Commerce Department’s measure of personal consumption expenditures, not the consumer price index from the BLS. In the PCE gauge, auto insurance coverage has a smaller weighting, that means it is much less of an inflation driver. Sales prices for new and used automobiles have been trending lower in latest months and are down zero.4% and 6.9%, respectively, on a 12-month foundation, according toBureau of Labor Statistics datathrough April. Also, repair and maintenance providers prices had been flat in April although nonetheless up 7.6% from a year ago.
The latest location lifts the …